May 7, 2010
HDB clears the air on lease expiry
I REFER to Mr Wong Pang Yee's letter, 'Allay uncertainty over HDB leasehold' (April 13).
HDB flats are 99-year leasehold properties. Like all leasehold properties, the land will revert to the Government when the lease on the land expires. The overwhelming majority of HDB flats today are far from expiry of their leases.
However, some flats in older estates may be selected for redevelopment under the Selective En Bloc Redevelopment Scheme, if it is economically viable. To maintain the value of older flats, the Government has also introduced various upgrading programmes such as the Home Improvement Programme and Lift Upgrading Programme.
Chan-Wong Jee Choo Lily (Mrs)
Deputy Director, Policy and Property
Housing & Development Board
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